ANC Regime

 

The only thing falling faster than the Rand is the Presidents eyelids: Zuma caught napping during Gigaba’s mini budget speech

Leave a comment

A screenshot of Jacob Zuma taking a nap during Malusi Gigaba’s mini-budget speech has gone viral. Gigaba delivered his “maiden” budget speech on Wednesday – and the forecast was pretty grim. But if you’re hoping that President Jacob Zuma was going to zoom in to try and boost the confidence of consumers and investors, you’re..
Continue reading…

Enjoyed this post? Share it!

 
 

Junk status looms after mid-term budget fails to inspire confidence – It is not looking good for SA

Leave a comment

Economists have warned that South Africa could be in line for a credit downgrade to junk status – possibly before the end of the year. Their fears come in light of Malusi Gigaba’s mid-term budget speech, delivered to parliament on Wednesday. “It is not in the public interest, nor is it in the interests of..
Continue reading…

Enjoyed this post? Share it!

 
 

Gigaba’s first test: Can he ace the mid-term budget?

Leave a comment

Finance Minister Malusi Gigaba is in an unenviable position. In his maiden budget – today’s medium-term budget policy statement – he must confront, among other things, low economic growth, a tax revenue hole big enough to fly a plane through and the budgetary consequences of struggling state-owned enterprises. These issues are some of the chief..
Continue reading…

Enjoyed this post? Share it!

 
 

BLSA tells Eskom: ‘You remain suspended’

Leave a comment

Business Leadership SA on Monday reiterated the suspension of Eskom from the organisation. BLSA said it is holding high-level discussions with Eskom’s acting CEO‚ Sean Maritz‚ regarding serious allegations of corruption and state capture that had led to the suspension of the power utility from the organisation. “The first of these meetings was held on..
Continue reading…

Enjoyed this post? Share it!

 
 

Sars’ brand diminished by unskilled staff

Leave a comment

For every step in the right direction, Sars manages to tumble down two. The Tax Ombud is slowly gaining ground in assisting taxpayers in resolving their tax differences with Sars. Unfortunately, these “tax differences” are frequently of Sars’ making, and as Sars slips further behind in the revenue target, so can we expect an exponential..
Continue reading…

Enjoyed this post? Share it!

 
 

How Brian Molefe Almost Walked Away From Eskom With R111,000 A Month Until He Dies

Leave a comment

Presentations made to parliament regarding the R30 million retirement package Eskom wanted to pay its former CEO, Brian Molefe, has revealed exactly how the power utility worked out how much he should get paid. According to Sibusiso Luthuli, CEO of the Eskom Provident and Pension Fund, the fund was asked to calculate how much Molefe..
Continue reading…

Enjoyed this post? Share it!

 
 

Former Eskom CEO approved R66-million deal that benefited his sister – No end to corruption

Leave a comment

Former Eskom acting CEO Matshela Koko has been found to have “personally signed off on a deviation order that allowed his stepdaughter’s company Impulse International, to score a R66m deal from Eskom without going out to tender.” Business Day reported on Thursday that they had obtained a copy of a confidential “sole source justification” memo…
Continue reading…

Enjoyed this post? Share it!

 
 

Zuma Judgment – All Eyes Now On Shaun ‘The Sheep’ Abrahams And Cyril Ramaphosa

Leave a comment

While our Constitution is considered one of the most progressive in the world, it has glaring flaws that have allowed it to be grossly abused by a President whose actions now threaten his entire party. Or perhaps put more accurately, they threaten the moral legitimacy and fibre of an organization that once prided itself on..
Continue reading…

Enjoyed this post? Share it!

 
 

Dudu Myeni finaly fired as SAA chair

Leave a comment

Dudu Myeni has been removed from the board of South African Airways in what could be a range of changes made to the leadership of the embattled airline. The Mail & Guardian understands that Myeni will be replaced by businessperson JB Magwaza who has been appointed as the new board chairperson. It appears that members..
Continue reading…

Enjoyed this post? Share it!

 
 

Road users will pay steep licence fee from next year

Leave a comment

The Justice Project South Africa has called on Transport Minister Joe Maswanganyi to justify, or at the very least explain, the 71 percent increase in eNaTIS vehicle licence fees for 2018. Earlier in October Maswangani announced that as from 1 February 2018, an amount of R72 (an increase of R30) would be added to the..
Continue reading…

Enjoyed this post? Share it!